India will invest some USD 5.5 bn to build a 1.7k km undersea power transmission line linking its power grid to Saudi Arabia, according to a statement (pdf) by India’s Power Ministry. The 2 GW line is part of Indian Prime Minister Modi’s One Sun, One World, One Grid initiative.

This has been in the works for some time: The two sides were working on feasibility studies as recently as April. The project builds on a 2023 MoU to establish a framework for grid interconnection, among a broader energy cooperation.

The UAE is getting one too: A similar 2 GW line connecting India and the UAE is also in the pipeline. The 1.4k km project comes with an estimated price tag of some USD 5.1 bn.

Zooming out: India currently trades some 4.1 GW of electricity with its neighbors — Nepal, Bangladesh, Bhutan, and Myanmar.

ALSO- Acwa Power is mulling a USD 5 bn agreement with the Uzbek government as part of its strategy to increase total commitments in the country to USD 15 bn, UZ Daily reports, quoting the Avwa’s Uzbekistan Country head Soumendra Rout as saying at the Tashkent Int’l Investment Forum. No further details were disclosed.

Acwa is already the largest foreign investor in Uzbekistan’s energy sector, with 19 projects totalling USD 5 bn, Rout added. The country will start producing green hydrogen this month from Acwa’s project with 3k tonnes in annual capacity, Abid Malik, President of Acwa Power for Central Asia, said at the forum.

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